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frequency trading and all of the advanced technology. the nasdaq and all of the other exchanges three weeks ago pushed back on that. they said they like the idea of the rules. but they complain that many of the rules are too vague and they complained about the cost. particularly the reporting that's involved. all of the notification they have to give to sec. sros the letters said, that many of the economic and cost assumption by commission will generate greatly by analysis. they run the risk of reallocating resources and the sci and comply ins entities, including the nasdaq and again the nasdaq, nyse, bats and all of these other exchanges, saying, wit a mint, let's pull back a little bit. meantime, we've had this debacle happen today and these rules with public comments now closed. it is still in the rule making process. perhaps could be next year before there's any other update. >> all right, scott. we want to -- we want to slip in another earnings report. aeropostle out. >> reporting an eps loss of 34 cents. analysts expected a loss of 24 cents. on revenue of $450 million. they did tell u
, is this going to be the norm going forward? are there more acquisitions to be done in terms of technology and international? >> we are clearly going to be investing in technology. no doubt about it. now, whether it's acquisitions or our oh own capabilities, i spent monday and tuesday in our office in san bernardino, california, and we have acquired talent, the best talent in the world, the smartest in silicon valley, that i continue to be enthused. so we will invest in different ways in the area of technology. and at the same time, we're going to continue to invest in stores. we think the overlap -- having 11,000 retail stores around the world and the world's best technology -- we think produces the world's best way to serve consumers in every market, so we're going to continue to invest in both in order to serve customers with this overlap of technology and stores. >> you know, it's interesting that you mentioned -- first of all, will you take people from amazon.com? what about the talent there? >> well, we have great respect for all competitors, including amazon and other competitors. a
back into the cyclicals, so we're overweight the technology space, overweight financials. so i think the market is setting itself up for a good finish to the year. i still have some more dry powder, but i definitely want to be involved with this market. i think all of the naysayers all year long, i think, have -- are still waiting for that great entry point as we hit new record highs. >> josh, picking up anything on the floor about what traders will be looking forward to next week in order to figure out where we go from here? >> actually, kelly, you have a pretty relatively busy week in terms of economic fronts. you have durable goods. you have home prices. you have consumer confidence. you also have a lot more fed speak. william, lagarde, bullard, and i think traders are probably expecting kind of it to be relatively quiet here, depending on rates. remember, then again, that could change september, then we get the jobs report. of course, there's the fed taper or not tapering, and if they do, by how much. >> last question, ralph, you had said, okay, we get a 10% correction. it won't
picture doesn't usually change. >> at some point, the technology gets better, it gets more -- the nasdaq has more competition these days. >> they're the first one. they should be the ones that have it down. >> you would think. >> and no one is going back to specialists. we'll have all the politicians calling for more regulation. you know that's going to happen, even though the s.e.c. is already, some people think fairly heavily handed and we'll talk about that in the executive exchange in a second. other headline today, moodys placed the ratings of six of the largest banks in the u.s. on review. the agency is weighing the possibility of lesser government support for those institutions. we're talking about goldman sachs, jpmorgan, morgan stanley, wells fargo all under review with a possible implication for downgrade. bank of america and citigroup are being evaluated in their words with the direction uncertain -- already sort of -- >> see what is interesting there, right? the stronger the banks, the stronger banks are being downgraded because s&p says, oh, it all falls apart, they won't ge
, when technology breaks down it can be costly. amazon lost millions when its site went offline. nasdaq's shut down brought billions in trading to a complete halt. tonight, cramer's zeroing in on the top plays to keep your portfolio protected. >>> plus, you ask. he answers. >> i'm wondering about susq. susquehanna. >> i got to do the homework. i'm not ready to give you an answer. >> you sent cramer back to the books. now he's got the answers you need. >>> plus, jim responds to your tweets. @jimcramer #mad tweets. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send jim an e-mail to madmoney at cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monit
♪ >> the hottest tech trend out there perhaps is the cloud, a truly disruptive technology that is crushing traditional hardware based tech firms as well as old fashioned software firms that can't compete in a crowd computing world. lately, we heard it has gone 's synonymous with this theme, that is salesforce.com, crm for you home gamers. the service provides businesses with applications they need to manage sales, services, marketing, customer relations and much more. this stock is giving you a 667 gain since the visionary ceo came back on november, 28, right in the midst of the financial crisis, he told us everything would be okay. they reported a 2% earning fee off a 7% basis. revenues came in higher than anticipated. referred revenue up and the company raised its revenue begins for 2013 4 billion or more. the co-founder chairman, ceo, salesforce.com, find out more about the quarter and its prospects, mr. benya. thanks for coming on the show. >> thank you for having me. >> we see accelerating growth, accelerating your go ahead, too, all the way up to $4 billion. what happened this quarte
engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. >>> it's time for "power pitch" where we give innovative companies 60 seconds. let's see if this company has what it takes to be the next big thing. >> on today's "power pitch" we have a founder who wants you to get your online news from avatars, people or puppies, who will read it to you. i'm not kidding. freddie laker is ceo of guide. he's created the world's first 24-hour internet radio station. and more recently, he's consulted brands like coca-cola and espn on digital strategy. well, this is his "power pitch." >> hi, i'm freddie laker, owner and founder of guide. we developed an application that turns your online news in social stream like facebook or twitter into tv. our goal is to allow you to watch your favorite news instead of having to read it. we're doing this using a combination of the latest technology in speech technology, avatar tech that changes static online news pages into a video news show very much like wha
is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ female announcer ] what does beauty feel like? find out with venus embrace. every five-bladed stroke gives you 360 degrees of smooth. for goddess skin you can feel and feel. only from venus embrace. for goddess skin you can feel and feel. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwate
twice that. that is according to s&p capital iq. >> that prize itself on being a technology vanguard. if they have these hiccups how well are they serving their clients in the future. >> rennance capitol tells us that the new york stock exchange was gaining ground before facebooks ipo but that nasdaq fumbled one of the most popular ipo's ever. it gave the new york stock exchange ammunition. today's pitching will likely do the same. the exchange says the lead is likely accelerating. it has raised four times more capital than any other marketplace with a record. now of course all eyes are on what twitter, dropbox, and other technology and uber will choose and which exchange they will choose when they go public in the next year. >> thank you very much. and in today's question of the day, we asked after yesterday's shut down, what are you thinking today. the sec needs tighter regulation. 59% says the nasdaq needs to get it together. that is interesting. 15% say this makes me less likely to trade all together. >> that is a tough one. several big name emerging markets. the impact on the do
the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. >> well, i think to be honest, russian and chinese, these are authoritarian governments. this is a client state. they are worried about, the only thing chinese care about is continuing access to oil supplies out of the region. syria is not much importance to any of us in terms of national security. i think they are symbolic. they will halt legitimacy through the u.n. they won't oppose us on the ground. the question will be, if we pull off this strike with 200 tomahawks some time this weekend, what's the likely outcome? it is unpredictable. unlikely to be good. you want to use military power and tell the u.s. air force and navy, you've got 60 days to bring down the assad regime, they'll do it. there's no question. then we will live with the follow-on war in which they try and eliminate the christians, the -- et cetera. >> thank you for your thoughts today. >> thank you. >> bill, not a lot of good options f
said it, it's all this technology coming together. it's high-speed trades, rapid fire in, and the system -- >> just to step in, i know you're going there to blame high frequency trading as the problem here, but that wasn't the situation. >> no, no, i'm saying let's put it all together and look at market structure. we have a problem with market structure in this country. we don't need 90 venues to trade spots because they don't trade like retail. >> i agree with that point. the point is we ever the system that the securities exchange commission wanted to have. they have to dismantle the nyse and the nasdaq monopoly, they wanted to open up competition, they wanted new exchanges to come in, they wanted to trade in pennies. this technology did come about and offer high frequency trading, but we have the system that they wanted now, and i agree with your point. it is needlessly complicated. >> sorry, i think the system is working very well. there is a problem somewhere. while they work on that problem, they shut the trades down so nobody has a disadvantage across all platforms
nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. >>> finger pointing and name calling. that's been the game between the nasdaq and new york stock exchange since last thursday. now the federal government is demanding hard answers. >> the two exchanges are blaming one another for the destruction and now the securities and exchange commission heard enough. its head mary jo white demanding they meet september 12th to give a clear picture of exactly what happened. what's on the line at the meeting and what's the future of these exchanges? with us, david wield, former vice chairman and chris nagy, served on the board of the philadelphia stock exchange and amex option s exchanges. william. >> thank you. >> thank you. >> from your perspective, how important is the nasdaq prove it's not at fault jmplt you c? >> you can look at the structure. both at fault in some way. blaming the markets isn't particularly productive. they've become so complicated, some respects
point. if they were to do this what they would be doing is bringing fresher technology at that price point. expanding into those android buyers who want the latest thing but don't want to fay premium price. those people could be drawn over. also going after emerging markets. >> i don't think it will have the latest technology. maybe beefier to make room for ois. i see it exactly as emerging markets. also ntt in japan, those are areas where the iphone 5c fits better. >> thanks, guys. >> thanks very much. >>> changes are afoot for the super mario brothers, nintendo is slashing the price of its wii console and adding a new lower price hand-held device to re-energize its place in video gaming. >>> when was the last time you played supermario. >> a long time. >> if your kids are playing video games get home to put it down and watch part three of our series called school days. changing face was college is coming up. we'll talk about the course you should be investing in to obtain a good job after graduation. stay tuned. [ indistinct shouti] ♪ [ indistinct shouting ] [ male announcer ] ti
. the cnbc news line is rick shearling, head of u.s. technology research. he just got off the phone with microsoft. rick, was ballmer forced out? >> jim, it's not exactly clear. you know that value act was pressing and threatening to file a proxy battle. and on their agenda was management succession. so i guess what's unclear right now does this validate that value active getting a board seat and they're already having some effect for might suggest that value act had a harder time winning a board seat, that one of their key items to appeal to investors was was management succession is kind of off the table now. the other items, i think on value act's agenda is the significant repurchase and significant increase in dividend. i think all of that becomes more likely if you have new management in place. but i think right now the key question would be does this probability of getting a board seat or wrath whether they have to go through the proxy concept and whether that's effective. one of their main octobbjective management succession. >> do you think that investors should chase the st
think we figured this out now. we have gordon back. i apologize for the technology glitch there, gordon. >> glad to be back. >> the impact that regulations are having, we are still trying to get our arms around dodd-frank. they haven't completed it. they say they will by the end of the year. what is your assessment and the impact it'll have on your business? >> well, the dodd-frank and voccer won't have a significant impact other than trading businesses. we have one business that could be impacted depending on how the rules are written and how they are applied to foreign organizations. so it is not material. it's not overly significant. but it could potentially have an impact in terms of structure of some of our businesses. in terms of the implications of some of the dod -- that's mainly voccer. dodd-frank, impact on retail won't have much impact. financial holding companies rules will have a bit of impact but buecause we are overcapitalized, we hold our position. >> bet are than half is retail banking. td reported it is closing branches and it has been closing and merge be u.s. and can
out there using technology. so they today halt traysing. now they are testing one stock to see if it is working. if it works they will try to get the whole system up by 3:25 eastern as we heard. trading here as been relatively normal, if you want to call it that. >> we didn't see a pick-up in volume here. it is possible to trade nasdaq listed stock at new york stock exchange. that in theory would be a back up. however there was a halt in the nasdaq listed stocks, trading just behind me. shortly after nasdaq stopped trading because nasdaq requested nyse to halt trading. there is a back up here to trade elsewhere but in reality that back up isn't working very well. by the way, there is speculation about what happened. there are two possibilities. one is potentially a hack in their system. we don't know this for sure but that's a possibility. other is i think the most likely, just a software failure. remember, these are legacy systems. nyse and nasdaq has software built upon software that goes back many years. it has to interact with old software and software with other systems. a
. this is nasdaq's second problem. it had the fiasco with the facebook offering as well. technology will always have glitches. but exchanges have to be prepared for them otherwise our capital markets are going to crumble and that's simply not acceptable. >> i want to get this right. reg sci, securities compliance and integrity. that apparently is, i don't know whether that's a promulgated rule from the sec or something being discussed but i'm told, i heard the exchanges themselves are dragging their feet. this amounts to a lot of technological change which we reported on our own bob pisani. what's up with this? is it true? have they dragged their feet and why? >> they are opposed to this because they are concerned about excessive costs. but if you are the nation's marketplace, you have an obligation to have a market with integrity. if something like this could possibly happen, you need continuous testing, not a quarterly or semiannual or yearly testing. you have to be testing all the time. you have to be upgrading your software and you need a crisis management plan for exactly what happened tod
, in autos and technology, even pop culture. on the economic front, though, the country's emergence from poverty have also been noteworthy. today we're kicking off a week of special reports on the trillion-dollar economy. chloe chao reports on why the export-oriented growth model that has driven so much of south korea's successes now needs to change. >> reporter: this 35-year-old is a wife and mother in a typical working-class family. she quit her job 1 1/2 years ago to care for her three sons, all of whom are under the age of 5. with her husband's income of 6,000 u.s. dollars a month, they're just making ends meet. >> translator: both of us came into this marriage with debts of our own. and because of this, it's not easy. if we started out without any debt, i think we'd be able to save about 50% of what we earn. >> reporter: and it's families like lee es that show the economy. so much so that president park made it one of her first major initiatives. in march she announced a $1.35 billion fund to provide debt relief to korean households. >> there has been a decoupling between the growth
technologies, unites technologies made the acquisition of goodrich. the airspace is on fire in the country. you default to that that's an international market that must be based here. like united technology, it's a smart company. >> street research, not too much this week. the deutsche bank upgrading dollar tree to buy to hold. sales incrementally positive on the dollar stores. you not only follow the stores you manage to get into one or two every weekend. >> i do prefer dollar tree. if you ever bought candy the a cvs or walgreens, you're a sucker. >> is that significant? >> if you buy readers, i can't see a thing, you're playing full praise. you go there, they're a fraction. >> the stock's up so much. what could happen there? >> the board is all up, you've got a standstill expiring or expiring. there's continued chatter, could you see, could you try to force a deal between family dollar and dollar tree. >> dollar tree had good numbers last week. >> dollar general. >> dollar general, frankly a buyback king. they have -- they spin -- >> walmart have any interest? >> walmart? >> i'm not saying an
, it is not a downer. >> although on the technologies we saw yesterday reported by the journal 660% of the ipos here have been tech-related which is not a reflection of a great deal of excitement. >> well, i bridle at that, because i think that biotech should be considered tech, and b biotech is the hottest year i can remember. a lot of the biotech companies came public and found people suspicious saying that people will buy anything. >> we are not there yet. >> no? >> really? the ipos that we have looked at, it does not appear that the quality of them has diminished anywhere near the level that we saw where you could put zseven sentences on paper and then open up public. >> and the perkulation of the stocks, and if you want to see some group dole we well, and tht of bristol-myers -- >> we mentioned that the nasdaq was positive on the month and it just went negative, so we did jinx that. over to bob pisani on the floor. >> oil is up at a six-month high, and chevron and exxon up, but 28 other stocks to the dow are to the downside. rough seas over in the emerging markets, and indian and philippine and
we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. . >> this week, we are taking a closer look at cold stocks that are in the middle or improbably moves, higher, it's why tesla motors toppled since the beginning year and that's a classic cold stock in there was one. we are trying to do get a sense of what is next for the market. another big cold stock, netflix that has run up 113%. you know that i think they revolutionized how we see media. it's too much mind share and terrific original programming like arrested development, featuring your's truly and house of cards and the very dark and some say funny and my sister doesn't, and i don't think so either, orange is the new black. but there's know way to justify buying this one. we are turning to the charts with the help of bob. a super smart technician, who works at explosiv
. she says the halt was serious and she reinforce our collective commitment to addressing technological vulnerabilities of exchanges. former s.e.c. chief harvey pitt weighed in on cnbc's "kudlow report." >> this should not have happened. and the inability to tell people which securities would trade and which were opening ahead of others, that's pure chaos and it is wholly unacceptable. >> nasdaq chairman and ceo will be on u.s. "squawk box" today on a first on cnbc interview. that's at 7:30 a.m. eastern. head to our website to find out what is next for nasdaq. a number of analysts say the stock exchange's credibility is likely to bare the brunt of the fallout with the implications limited for broader trading and u.s. stocks, all on cnbc.com. >>> the nasdaq flash freeze is the latest in a stripg ng of trading snafus in recent years. the flash crash in 2010, that botched that ipo, the fake ap tweet and the erroneous trades earlier this week from goldman sachs all raised questions about whether market participants are comfortable with the risk computer glitches can cause to markets. do you
on these exchanges to improve technology, to improve technology testing, at a time when they're laying off people. i think that's going to cause a lot of pressure on them, and even more pressure towards consolidation. it's an ongoing story. more to say in the next couple days. back to you. >> clarify, bob, for those who don't know. arca, new york stock exchange's all electronics system. sip system, reporting system of the nasdaq, not communicating trades to price reporter and they're both saying it's your fault, no, it's your fault. that's what mary jo white at the sec has to solve and figure out. >> right. good way to put that. when the problem was the matching engines went down, a little piece went down at arca, electronics system here. tried to connect. when it conseconnect whenconsen up, after that, problems. the question, exactly who's at fault? >>> joining us, eric from russell investments. michael from yahoo! finance, and tim from a management group and rick santelli back as well. thanks for joining us. tim, i want to start with you, because if this sell-off has a lot to do with the situation
, if you can't kill him, if you can't kill him, do we know, do we have the technology, i assume we do, basically we can hit all of these individual buildings as you were saying, his country place in the mountains? do we know, you know, these tomorrow mohawk missiles will go up to the traffic lights, stop, make a right turn and go down the chimney? these are awesome weapons of war. what would hold us back from making use of that? apart from the politics of it, what would hold us back from really just decimating damascus and all the environs. >> the only issue that's holding us back is the politics of it and all the administration has a fear of repreefg the iraq war, i don't see how because nobody's talking about boots on the ground. the real fear they should have is of reprieving what bill clinton did in 1998 with another three-day strike on saddam hussein, it was called operation desert fox. it was seen as a political distraction on the eve of his impeachment. it strengthened saddam hussein's hand internationally, not weakening it. a de minimis strike is going to reap the worst of bot
. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> it is time -- it is time for the "lightning round" on lightning round. josh in new york, josh? >> caller: hey, jim, how's it going? boo-yah. >> boo-yah. >> caller: i have a question about the most wildly successful stock i bought in a while, questcor, qcor? do you think it's looking up in the future and going to keep skyrocketing like it is today? >> this is a stock that got slammed by the shorts. they drove it down to the 20s, tested my patience with it, tested my mettle. my mettle failed. i got this wrong, it came all the way back, i should have never wavered, it's had a big run, it's not up to me anymore. i called this one wrong. and i put a light to the fact that i got it wrong because i wavered when i should have been tel
company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >> the winklevoss twins, tyler and cameron, told us that when they were at harvard with mark zuckerberg, they had the idea of a university-based social networking site first. they said that mark agreed to work on their project, but instead, ripped them off. >> let me ask you about the winklevoss twins. they sued. you settled. >> mm-hmm. >> they're still coming after you. >> you know, it's hard for me to fully wrap my head around where they're coming from on this. you know, early on, they had an idea that was completely separate from facebook. and that, i mean, it was a dating site for harvard. and i agreed to help them out with it--to help them, right? i mean, it wasn't a job. they weren't paying me. i wasn't hired by them or anyt
center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. and this is my home team. this is my large lecture hall. this is my professor. and also my coach. this is my booster club. this is the guy who's graduating ready for a great career in technology. [ male announcer ] in 2012, 90% of devry university grads actively seeking employment had careers in their field in 6 months. join the 90%. learn how at devry.edu. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... f
's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. >>> welcome back. it's time now for the "executive edge," our daily segment focused on giving business leaders a leg up. and you know, we're approaching the five-year anniversary of the financial crisis and the government response coming up, about two weeks. if you think the collapse of lehman is that anniversary. in my "the new york times" column this morning, we looked at t.a.r.p. and i talked to hank paulsen about his misgivings about bank bonuses. he rarely talked about this before, and speaking about the payouts, paulsen noted in part -- "to say i was disappointed is an understatement. my view has nothing to do with legality and everything to do with what was right and everything to do with just a colossal lack of self-awareness to how they were viewed by the american public." and you know, guys, hank paulson has not come out and talked about the bonuses in a f
breached itself with technology used in the xbox game console. did you see what david pogue wrote about ballmer? i thought it was insightful. >> i thought it was critical. everything over the last 13 years. >> i looked at it and looked at net income and number of employees and revenue and everything eliminatise. the one thing that stuck out, obviously, was that the stock was still down from where it was in 2000, but that's the same with any -- it's a $6 billion market cap. that was the blue chip sort of mania that put coke at 50 times earnings and general electric at $60 a share and all of these stocks were way overbought and overloved in the late '90s. you look at just how he managed the business itself. it is a -- what do they make? what do they do in revenue? what do they make per year? i think two or three times what they used to make when it was a $600 million company. i don't know. they provided software for pcs. they battled the open -- like linux, whatever, they sort of prevailed there. >> the question is what's going to happen with the company in the next ten years? to me, give
that the stocks as a group, mandy, are part of the prior cycle leadership and rather be in industrials, technology and financials in the states relative to global precious metals at these levels. >> are you among those that keep a portion of a portfolio in gold anyway as a hedge? 5% or whatever? >> well, we do for some of our blended portfolios, bill, when we take a look at holdings both in canada, in the united states. but our u.s. portfolios we look at are benchmarked toward the u.s. and what we want to do is be cautious here in the materials space given where fundamentals are. 2% or 3% position is prudent in the u.s. at these levels. >> can i follow up on what you were saying about industrials, brian? you know, a lot of industrials, you know, they have assets in various geographies around the world and in light of the fact of seeing stabilizations in the regions, brian, do you feel that that hasn't yet been priced in yet and could be part of the upside you see? >> it's an excellent point, mandy. i think the big thing on industrials are investors over ten years used industrials for the increment
me point out that lange has a real stellar track record when it comes to technology. back in february he looked at the charts and told us that tech lapse would have four new leaders which he named fang based on their names. facebook, amazon, netflix and google. 's fast-forward to today and those stocks are up an average of 28%. yep, lang nailed the tech, especially netflix and facebook. he nailed the casino stocks, in particular caesar's back in march. he nailed priceline when it was still under $700. a month ago he told us to by northrop grumman. pick up $5. better than a sharp stick in the eye, which is why when lange tells us that netflix is worth buying way up here at its all-time high, we've got to pay attention, right? if it takes out its all-time high who knows where this thing is going? take a look at netflix daily chart. you can see that netflix just broke out above a pretty powerful ceiling of resistance. and lange points out that that breakout happened on strong volume. remember, for technicians volume is like a polygraph and a higher it is the more likely the move is telli
- safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> new data in "wall street journal" mos that oil transportation in thes is skyrocketing and we need the pipeline expansion more than ever, but suddenly the state department has come up with a conflict of interest charge. now the decision on the keystone pipeline mass be pushed we
100, which was at a 13-year high has come down a little. technology is the worst performing sector in today's trade and this is something we typically see where there are geopolitical concerns weighing on the market. they get out of risk adverse sectors like tech. just as commodity traders have gold as the safe haven, apple, market theorist pointing out, objects of excessive enthusiasm in 2012 when investors flocked to the assets of safe haven trade. there is a cleardy verge ens but that's not the case today. >>> oil may be the eye of the financial market storm. with the two-year notes getting back to gold and oil, you can see west texas crude is up almost 3%. the international benchmark will be what emerging markets will struggle with and benchmark more likely to be impacted by any military action in the gulf. let's get to rick santelli for more on the two-year auction. >> well, first, it was 34 billion. we've been doing packages including the 2-year of $35 million, you have to go to october of '08 to find one less than 35. two-year notes, the yield at auction 3.86, exactly where
cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> i have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character. i have a dream today. >>> there have been examples of success within black america that would have been unimaginable a half century ago. as already been noted, black unemployment has remained almost twice as high as white employment. latino unemployment is close behind. the gap in wealth between races has not lessened. it's grown. >> that was dr. martin luther king and then president barack obama speaking 50 years apart about racial inequality in this country. so just how much progress have we made? we're looking at this through a financial, economic and business lens, and then the question is how much more do we still need to do? here n
of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> welcome back to "squawk box." american airlines, us airways and the justice department are all now saying they're open to settling the case which pits the doj against the proposed merger of the two airlines. joining us to discuss it, kevin stark, senior analyst at crg capital group. good morning to you. i don't know what to think of this. how is it possible that everybody -- i understand why american and usair would be open to a settlement, i don't understand how the doj comes out with this big case, they say the whole thing is horrific and horrible for everybody and now they say, maybe we'll settle? >> i think if you read the court docket, it says they're open to a settlement, but in reality they're not listening to each other. so really -- >> there is a lot of smoke
execution issues and he's a proven technology executive that knows a lot about software. and one of the big changes in infrastructure is the software layer can be the differentiator for hardware. i think his skill set plus a couple of other people i brought in to assist him, i think you will see this thing turn pretty fast. >> meantime, analysts are trying to get their heads around this, meg, ahead of the analyst day in october. isi is out with a note saying in their view the only catalyst for the company at this stanlth is a break-up and in their words, even the great carl icahn would have trouble creating value here. are you willing to reconsider, even though you've already reconsidered your strategy, regarding divestitures? >> i believe that hp has a set of assets that are unique. we're the only company who can go from devices to infrastructure to services and software. and this is a huge point of difference as we can bring a series of assets to bear on some of the big shifts in the market. we have a unique and differentiated cloud strategy because we have this breadth of assets at hp. a
is spread across 500 index, technology, energy, chemical and bond funds. >> i think that's too much money market. i think you've got to switch to maybe take it to 40% and go up 60% on the rest. because that one key point you mentioned which is that you're not anywhere near retiring. you've got a lot of years to make money. do not cut off your upside in that fund talking about that later in the show. market's up, market's down, but sometimes you need to take a step back, okay, and look at the big picture before making great wealth plays. preserve it, pay off the credit cards, please. get some health insurance, get some disability insurance, get some peace of mind. otherwise, doesn't matter what stocks we buy. other stuff's going to wipe you out. "mad money" will be right back. >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] come to the lexus golden opportunity sales event and choose from o
of the session again. down 63 points on the dow. nasdaq which has been b you oyed by some of the high technology stocks dipping in the negative territory and the s&p down 6 points at 1656, mandy. >> let's talk more about the markets. joining us now is our guest panel. rick santelli who loves to jump in on every single topic. let's start with you. you're the lucky one next to me, right? >> yes. >> the private bank. >> yes. >> what are you saying to the private bank clients right now about the markets? >> well, actually, we still like equities. we still think that the market is fairly priced. it's not cheap like it was a number of months. valuations are reasonable. we think on a relative basis -- >> after the pullback over the course of august things have come back to what you think is a fair price? >> off 3%, 3.5% from the highs. even after june after the initial taper conversation, we were down about 9%. there's still actually relative to fixed income, relative to cash, closer to asset classes, we think a reasonable place to put money to work although volatility picks up in the fall with septemb
for rperez as we celebrate labor day. this is the guy who's graduating ready for a great career in technology. [ male announcer ] in 2012, 90% of devry university grads actively seeking employment had careers in their field in 6 months. join the 90%. learn how at devry.edu. >> across this country, small businesses are closing their doors, killing dreams and costing tens of thousands of jobs. i'm here to fix this business. my name is marcus lemonis. in the past ten years, i've bought hundreds of failing businesses, turned them around, and i've made millions doing it. i'll write whatever check i need to, even if you won't. if you want people to listen, you put money on the table. i'm gonna give you a check for $500,000. i found six struggling businesses, some weeks away from closure. my plan is to turn them around. for the next week, i'm 100% in charge. >> all right. >> let's go get to work. can't run a business if it's not clean. but i'm not just giving them
. this is my booster club. this is the guy who's graduating ready for a great career in technology. [ male announcer ] in 2012, 90% of devry university grads actively seeking employment had careers in their field in 6 months. join the 90%. learn how at devry.edu. the beach on your tv is much closer than it appears. dive into labor day with up to 50% off hotels at travelocity. to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. >>> welcome back to "squawk on the street." our road map begins with gdp revised up and jobless claims down. we'll find out if this will be enough to keep investors positive despite geopolitical head winds that are ever changing timelines for possible military action in syria. possible strike on the ground would
results in areas that will enable kids to get good jobs and science technology education, mathematics is something this country needs. is there going to be a special emphasis on encouraging people to take courses in that area where there is a lack of stills i skills, a lot of companies are locking for people, in many cases hiring them from abroad? can't we do a better job there? can't the government do more to encourage people to take those courses and succeed in those courses? >> we feed to, obviously, as you said, absolutely, correctly, so many jobs in the future in the stems field. yes with eneed to focus that in college. there, it's too late. we need to look at the k-12 system as well. the president is challenging us to recruit 10,000 stem teachers so in 3rd, 4th, 5th grade, that i have access to teachers passionate about teaching that content. if we wait until college with key do some things. we have to look at the continuum, start with our babies. >> is there an argument if you offer a pell grant, perhaps a true capitalist would say you should offer more money at a better rate i
the economy has changed. the twin forces of technology and global competition have subtracted those jobs that once provide foot hold into the middle class. reduced the bargaining power of american workers. our politics has suffered. entrenched interests, those who benefit from an unjust status quo resisted any government efforts to give working families a fair deal. martialing an army of lobbyists and opinion makers to argue that taxes on the wealthy who could afford just to fund crumbling schools that all these things violated sound economic principles. we be told that growing inequality was a price for a growing economy. a measure of a free market. that greed was good. and compassion ineffective. and those without jobs or health care had only themselves to blame. then there were those elected officials who found it useful to practice the old politics of division, doing their best to convince middle class americans of a great untruth that government was somehow itself to blame for their growing economic insecurity. that distant bureaucrats were taking their hard earned dollars to benefi
who's graduating ready for a great career in technology. [ male announcer ] in 2012, 90% of devry university grads actively seeking employment had careers in their field in 6 months. join the 90%. learn how at devry.edu. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> all week we have been having a late summer cookout, introducing you to my favorite food and beverage stock. if you like to play it more defensively after the big run, maybe you should. now, monday i told you that hain celestial, the organic and natural food, behind the garden of eden, and a host of other brands was best of breed in this space. so you can consider buying some ahead of the quarter which hain reported, well, just last night. sure enough, the company blew them away. they delivered a 3 cent up and subs
in this new te technological age and remember, everything revolves around mobile platform, tabths and smartphones and microsoft is trying to do that and it will take some time whether or not a new guy can come in there and make them that much more relevant in an age of pc declines. >> i understand the betting is bill gates will not come back to microsoft, but he will be on the search committee. >> that's correct, the board of directors has convened to at least try to find a candidate now. bill gates is going to be part of that search committee to find who the successor is going to be. there is no indication that i've heard or anyone else has heard that he will actually be the next ceo again. so no talk on that front, but he will have a hand in picking who that person is going to be. dominic chu. we appreciate the update. >> speaker john boehner says he will block any effort to shut down the government this year and folks, he has the votes. greffer nor quist and the free market friday panel will be back with us in just a moment. what's this? uhh, it's my geico insurance id card, s
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